SEFE and UNIPEC formalise trading partnership following series of successful LNG transactions

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11.09.2025
  • SEFE and UNIPEC put their proven partnership on a formal footing
  • Agreement is aimed at unlocking synergies and growth opportunities
  • Both parties to explore joint initiatives in financial risk management, carbon markets and beyond
[Berlin, Germany and Beijing, China; 11 September 2025] – SEFE Securing Energy for Europe and China International United Petroleum & Chemicals Co., Ltd. (UNIPEC), a wholly owned subsidiary of China Petrochemical Corporation (SINOPEC), have signed a global trading cooperation agreement to formalise and deepen their existing collaboration in international LNG markets.

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Built on a strong foundation of previously executed transactions, this agreement reflects both parties’ commitment to long-term strategic alignment and operational synergies across their energy business, including natural gas and LNG.

The agreement represents a logical next step in the growing partnership between SEFE and UNIPEC and highlights the trust established through a series of successful LNG transactions. By harnessing complementary strengths across the Atlantic and Pacific basins, both parties aim to optimise their current and future LNG portfolios while paving the way for new growth opportunities. The collaboration will extend to joint initiatives in carbon markets and other areas of mutual strategic interest, further reinforcing both parties’ shared commitment to sustainability and innovation.

Frédéric Barnaud, CCO of SEFE, said: “This agreement marks a significant milestone in SEFE’s relationship with UNIPEC, transforming a track record of multiple LNG transactions into a wider and forward-looking partnership in LNG, natural gas, financial risk management, portfolio optimisation and carbon markets. By compounding our complementary strengths, we’re enhancing security of supply for our respective customers and unlocking significant synergies.”

Wang Yuning, Deputy General Manager of UNIPEC, said: “We are pleased to see much closer collaboration between both parties in the past year. UNIPEC and SEFE have significant potential for further cooperation across various areas and regions. The signing of this cooperation agreement is well positioned to take our future collaboration to a new height.”

About SEFE

SEFE is an international energy company anchored in Europe, delivering energy solutions that ensure reliable and affordable supply. Our activities span the entire energy value chain – from origination and trading to sales, transport and storage. With decades of trading expertise and a growing LNG portfolio, SEFE is one of Europe’s leading suppliers to industrial customers, providing more than 200 TWh of gas and power each year. We supply over 50,000 clients, from small businesses to municipalities and multinational organisations. By investing in clean energies, we support our customers on their decarbonisation journey and contribute to the energy transition. SEFE employs over 2,000 people worldwide and is owned by the Federal Government of Germany.

Securing energy – now and for the future.